Best ICOs to invest

NEXTPAKK – Crowdsourced Parcel Delivery

NextPakk Review

NextPakk is the next generation of parcel delivery services. Too often, customers who order products online miss their deliveries, because the parcel delivery services are unable to deliver at a time that is convenient for the customer. Most people have a nine to five job, and are only able to receive deliveries during the evenings and weekends. The drivers, however, are also working nine to five, and so there is an obvious challenge to overcome. NextPakk creates an online marketplace where local businesses, drivers, and customers can connect to solve this issue. The businesses utilise their extra space to store the parcels, the drivers utilise their extra time and vehicles to deliver them, and the customers receive their parcel at a time that is convenient for them.

What is NextPakk?

NextPakk is a blockchain startup company based in Minneapolis, USA. The vision of the company is to integrate blockchain technology and last-mile logistics with the modern supply chain. From the point where a product is created to the point where it is delivered to the address of the buyer, it goes through a long supply chain. The last-mile logistics is where it tends to go wrong, as many deliveries are made to customers during the day when they are at work. This results in a lot of failed deliveries, and ultimately requires the buyer to pick up the delivery themselves at a delivery office. According to research carried out by NextPakk, over one billion failed deliver attempts of this kind happens every year. Needless to say, this results in a lot of wasted time, work hours, and fuel, on the part of the delivery company, and a bad customer experience for the buyer. NextPakk aims to remedy this problem with their delivery system. Instead of having their purchases delivered with a regular company, who might not be able to accommodate night-time deliveries, buyers can have their purchases shipped to NextPakk. NextPakk will then store the client’s parcel in a secure warehouse, which will have 24 hour surveillance. Once delivered to their warehouse, the buyer can then request the parcel to be delivered to them at a time that is convenient for them. Since NextPakk works from 6pm-midnight seven days a week, this offers customers with a nine to five work schedule very good flexibility. As soon as the parcel has been safely received by NextPakk, the customer will be notified. From here, they simply enter their address, phone number, and the date and time for the desired delivery. Customers can choose to pay for a single delivery, or they can sign up for a subscription service in case they receive a lot of deliveries on a regular basis. All the drivers working for NextPakk are background-checked. NextPakk’s guarantee is that the parcel will be delivered successfully the first time, thus taking the hassle out of receiving parcels.

How does NextPakk work?

NextPakk has designed a scalable sharing economy by combining blockchain technology with sharing prosperity. As opposed to most other ICOs, NextPakk does not use the Ethereum network. The Pakka blockchain is instead built on the Stellar fork, which is meant to make the system more scalable and provide a higher output. The Pakka token itself will be the native currency with which buyers pay for their delivery services, and drivers get paid. The drivers themselves can utilise their personal vehicles and spare time to deliver parcels to the buyers. Local businesses can also utilise their extra space to store the parcels and get paid in Pakka tokens. All drivers are background-checked and all parcels are tracked online. As an extra layer of security, NextPakk will also have an escrow system implemented in order to cover for any unexpected damages to the parcels.

What are the key features of NextPakk?

By utilising local businesses and warehouses as their delivery points, NextPakk will have many more places than the average post office or delivery service. This means that deliveries can be carried out much faster, as the parcels will be stores local to the buyer. Because of this close proximity, the distance the driver has to travel to deliver the parcel will also be reduced, thus cutting costs for time and fuel. The delivery points will typically be less than five miles from the address the parcels are to be delivered to. In addition to cutting the distance, the system will also allow for minimising traffic jams. Finally, both the package delivery points and the drivers will be monetarily incentivised to let the buyers control the time of delivery so that there are no failed attempts or chance for the parcel to be stolen because it it left unattended.

What are the benefit of Nextpakk’s ecosystem?

The checks and balances of the NextPakk ecosystem is perhaps the best part of this ICO. The retailers sending the parcels will see an increase in profits, as the number of returned, failed, or stolen deliveries go down. The local businesses who utilise their extra space to store parcels will benefit from an extra income stream. The drivers will also earn an extra income by using their extra time and their own vehicles. Finally, the customers will have a much better experience, as they are in control of the delivery and do not risk their parcel being stolen or returned to the retailer.

What is the Roadmap for NextPakk?

According to NextPakk’s website, the roadmap for their project is as follows:

Q1 2016 Seed planted for NextPakk

Q3 2016 V1 of NextPakk as a physical solution

Q1 2017 Collected feedback from users on V1 and revisited the solution

How will the Pakka tokens be distributed?

The total supply of Pakka tokens will be 1,000,000,000. Of this supply, 8% will be sold during a private pre-sale, 12% will be sold during the pre-ICO, and a further 30% will be sold during the actual ICO. The team behind NextPakk will have 10% of the tokens made available to them, and their advisors will have 8% to look forward to. 8% of the tokens will be reserved for user rewards and airdrop, and 3% will be earmarked for bounty. The drivers delivering the parcels will have 8% of the tokens in store as rewards for going the extra mile (so to speak), and the local businesses functioning as the package delivery points will have 5% of the tokens assigned to them as rewards. Finally, there will be another 8% of the tokens kept as a company reserve.

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